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Tuesday, May 23, 2017

Guess Again: Four Common Misconceptions About Car Insurance


Car insurance is one of those things that you only think about when you need it. Since it’s often out of mind until a mishap happens, many people often have misconceptions about what it can and can’t do for them. Below are just some myths about auto insurance that need to be dispelled today.

My credit rating has nothing to do with my insurance rates

You already know that your credit rating plays a role in your mortgage rates, but did you know that it can also affect your car insurance policy? According to the Insurance Information Institute, your credit rating gives an indication of how well you manage your finances. The higher it is, the more likely that you will pay your premiums on time, and the more attractive options the rate insurers will give you. Read more from this article: http://bit.ly/2s5RG52

Monday, May 15, 2017

What Will Happen If You Don’t Have Home Insurance?


If you’re a homeowner, you’ve probably grumbled at least once about how much you’re paying for insurance. But have you ever wondered what the consequences might be if you didn’t have to get coverage for your home? While you might think that’s you’re better off skipping insurance altogether, there are serious ramifications when you skimp on home insurance.

You’ll violate the terms of your mortgage

If you check your home mortgage document, you’ll find a clause that clearly requires you to get home insurance. Violate this clause, and you may find yourself facing foreclosure. More likely, however, the lender will simply take out an insurance policy on your behalf and bill you for it. When this happens, you lose the chance to go through policy options and you won’t have a say on how much you should pay. Read more from this article: http://bit.ly/2rw7uAU

Monday, April 24, 2017

How You can Secure the Right Type of Home Insurance That’s Affordable



A home is often the most valuable asset you’ll own, and it will need adequate protection in the form of insurance. Even though you can own a home without insurance, having coverage protects your home from unforeseen circumstances like floods and fires.

Before signing on the dotted line, however, there are several aspects you need to consider first.

Secure Adequate Coverage

Perhaps the most important part of getting home insurance is choosing a policy that provides adequate coverage. Otherwise, you risk major financial loss after a severe storm or event. There are many types of coverage you can choose from, including HO-1, HO-2, HO-3, HO-5, HO-6, and HO-7. HO-1 is one of the more basic policies that safeguards your property from perils like vandalism, theft, fire, hail, lightning, and explosions. Read more on this article: http://bit.ly/2pCpsQu

Monday, April 17, 2017

Three Effective Strategies That Help You Enjoy Cheaper Auto Insurance



Understanding what amenities and coverage you’re looking for is the first step to getting auto insurance. If you’re solely looking to save money, there are strategies you need to consider so that you can find insurance within your budget.

Maintain a Good Credit Score

There are many insurance companies that actually raise premiums for those with low credit scores. For this reason, you’ll need to maintain a good score. Achieve this by paying all of your bills on time. Even small fines and balances on late payments may count against you, so you need to stay on top of debt and spending.

You’ll also want to keep any balances on credit cards low to secure a good credit score. Stick with a budget, and set aside any extra money you might have to decrease outstanding debt. In addition, you need to be careful with how many applications you send out for new credit, because too many lines of credit could negatively impact your credit score. Read more on this article: http://bit.ly/2pCuFYL

Sunday, March 26, 2017

Home Insurance Basics: The Different Types You’ll Need to Choose From to Protect Your Property



Given the variety of home insurance coverages, it is understandable why many homeowners, especially new ones, find the process of choosing an insurance overwhelming and confusing. Insurance should rate high on your priority list when house hunting. In fact, it’s going to be a requirement by most mortgage lenders.

At its most basic definition, home insurance provides coverage for personal liabilities arising from negligence, which most commonly involves damages inflicted on another person or property. Depending on your policy, you can even be covered for legal defense needs.

The Most Basic Policy

Among the basic types of homeowners insurance coverage that you can expect to be offered as options when you consult with a professional include is the HO-1 policy covering for natural disasters such as lightning, windstorm or hail, or volcanic eruption. Read more on this article: http://bit.ly/2njmjUj